Posted 11/25/2022 08:27 (#9948956 - in reply to #9947723) Subject: RE: Leasing a pickup vs buying
purplepride0 - 11/24/2022 10:32
32 wcf - 11/23/2022 21:36
So building on that. In 5 years I’ll also have a 5 year old pickup with 100k on it and it would probably be smart to trade at that point. Does it make sense to own then? If I put less miles on per year and wanted to keep it long term I would buy. But if I’m just miling them out I’m thinking it doesn’t make sense to own.
The past 5+ pickups I've had are Diesels. I run until about 80-85,000 and then ask the dealership what kind of deals there are, sometimes they want it done on the spot other times I need to wait and let them worry I'm going somewhere else. This past one I had to order and wait 4-5 months and was at 98k when I brought it in. Previous to that it was almost always a year end clearance special that was likely swapped with a dealer by my local dealer on a locate. Each time was the cost per mile to trade was about the same. My first Duramax probably listed for 45-50k and the last one for 80+. I think the current list prices are stupid high, but all I'm really concerned with is the boot price. The truck is paid for so if the new value is stupid high it doesn't bother me as long as they are giving me stupid money on the trade. This inflation is hurting our kids that are trying to get started and work their way up more than the guy that has stuff paid for.
If the market implodes a diesel can be ran for 200k plus pretty comfortably if needed. Thus far there has always been enough demand for well taken care of used to allow me to trade at 20-25 cents per mile before 100k.
I do the same thing.
But what I fail to understand on 90% of AgTalk, is unless you are driving, buying, trading, running until the wheels fall off, you are doing it wrong. It is expected to drive a POS that leaks, has 3 bald tires, different colored door and basically looks like something the junk man drives.